Tributary Capital Management LLC Takes $242,000 Position in SharkNinja, Inc. (NYSE:SN)

Tributary Capital Management LLC acquired a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,900 shares of the company's stock, valued at approximately $242,000.

Several other large investors also recently made changes to their positions in the business. WCM Investment Management LLC boosted its holdings in SharkNinja by 27.1% in the first quarter. WCM Investment Management LLC now owns 221,766 shares of the company's stock valued at $18,633,000 after acquiring an additional 47,339 shares during the last quarter. Cannell & Spears LLC bought a new position in SharkNinja in the fourth quarter valued at about $18,125,000. FMR LLC boosted its holdings in SharkNinja by 59.8% in the fourth quarter. FMR LLC now owns 16,467,858 shares of the company's stock valued at $1,603,311,000 after acquiring an additional 6,160,226 shares during the last quarter. GAMMA Investing LLC boosted its holdings in SharkNinja by 77.9% in the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after acquiring an additional 155 shares during the last quarter. Finally, Mawer Investment Management Ltd. boosted its holdings in SharkNinja by 3.7% in the fourth quarter. Mawer Investment Management Ltd. now owns 294,798 shares of the company's stock valued at $28,702,000 after acquiring an additional 10,413 shares during the last quarter. Institutional investors own 34.77% of the company's stock.

SharkNinja Stock Performance

NYSE SN traded up $0.30 on Friday, hitting $115.26. 972,923 shares of the stock traded hands, compared to its average volume of 1,547,559. The business's fifty day moving average is $97.70 and its two-hundred day moving average is $95.29. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $123.00. The firm has a market capitalization of $16.26 billion, a price-to-earnings ratio of 36.47, a PEG ratio of 2.22 and a beta of 1.66. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.97.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.14. SharkNinja had a return on equity of 28.89% and a net margin of 7.86%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company earned $1.06 earnings per share. The firm's quarterly revenue was up 14.7% on a year-over-year basis. As a group, equities analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SN has been the topic of several analyst reports. Guggenheim cut their target price on SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. The Goldman Sachs Group raised their price target on SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. reduced their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Jefferies Financial Group set a $175.00 price objective on SharkNinja in a report on Monday, June 30th. Finally, Oppenheimer boosted their price objective on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $121.50.

SharkNinja Profile

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.